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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Sowbug who wrote (44052)4/13/1998 4:16:00 PM
From: Gary Wisdom  Respond to of 61433
 
Sowbug, count me in on those April 40s. Bought them at $1.25 when the stock was $38 13/16 on Tuesday or Wednesday. Down 40% in 2 market days when the stock is up $1. That's what you call "time value" deterioration.

BTW, 350K share block traded right after the close at $39 35/64. Could be that that was a sell on close order that the mm's knew was out there and they wanted to keep the price down to hose that big seller.

Who the hell really knows?